Algebris UK Ltd Grows Stake in Annaly Capital Management, Inc. (NYSE:NLY)

Algebris UK Ltd raised its holdings in Annaly Capital Management, Inc. (NYSE:NLY) by 14.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 831,453 shares of the real estate investment trust’s stock after buying an additional 103,401 shares during the period. Annaly Capital Management comprises approximately 3.7% of Algebris UK Ltd’s investment portfolio, making the stock its 10th biggest holding. Algebris UK Ltd’s holdings in Annaly Capital Management were worth $14,695,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Proffitt & Goodson Inc. lifted its stake in Annaly Capital Management by 1.0% during the fourth quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust’s stock worth $971,000 after purchasing an additional 505 shares during the last quarter. LVZ Inc. raised its position in Annaly Capital Management by 2.7% during the 4th quarter. LVZ Inc. now owns 19,632 shares of the real estate investment trust’s stock worth $359,000 after purchasing an additional 521 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Annaly Capital Management by 29.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 549 shares during the period. Larson Financial Group LLC lifted its position in Annaly Capital Management by 34.4% in the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 549 shares in the last quarter. Finally, Armstrong Advisory Group Inc. lifted its position in shares of Annaly Capital Management by 6.6% during the 4th quarter. Armstrong Advisory Group Inc. now owns 9,121 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 562 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

NYSE:NLY opened at $21.93 on Wednesday. The firm has a market capitalization of $12.68 billion, a P/E ratio of 13.79, a PEG ratio of 4.89 and a beta of 1.53. Annaly Capital Management, Inc. has a 1-year low of $17.67 and a 1-year high of $22.11. The company’s fifty day moving average price is $20.55 and its 200-day moving average price is $19.99.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. Equities analysts anticipate that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.77%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 176.10%.

Analyst Ratings Changes

A number of research analysts have recently commented on NLY shares. Barclays initiated coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They set an “equal weight” rating and a $19.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 10th. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Annaly Capital Management has an average rating of “Moderate Buy” and a consensus price target of $21.44.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.